EEX to launch intraday nat gas auction
European Energy Exchange (EEX) will launch an intra-day auction on the German spot market for natural gas on July 15 2009.
EEX will hold a five-minute spot market auction for the GUD and NCG market areas from 2:30pm until 2:35pm every trading day. During this time window the minimum lot size will be reduced from 10MW to 1 MW.
According to the exchange, the new measure enables the trading participants to optimise the structure of their procurement and sales portfolios, and allows the concentration of liquidity on a fixed period of time.
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